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WEB FAQs About Crypto vs Bitcoin

1. Is crypto the same as Bitcoin?

No. All Bitcoins are cryptocurrencies, but not all cryptocurrencies are Bitcoins. “Crypto” is a generic term for all crypto assets or the crypto industry in general, whereas “Bitcoin” refers to a specific cryptocurrency.

2. What is a cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography – the practice of using techniques to ensure secure communication in the presence of adversarial behavior – for security. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Instead, they are typically maintained by a peer-to-peer network of computers.

3. What is Bitcoin?

Bitcoin is the first and most well-known cryptocurrency. It was created in 2009 by an unknown person or group of people using the name Satoshi Nakamoto. Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.